sec.31Disclosure requirements

### sec.31 Disclosure requirements New part 2, division 2 applies only in relation to a contract for the sale of a proposed lot entered into after the commencement. See also section 38. Old sections 9 and 10 continue to apply in relation to a contract for the sale of a proposed lot entered into before the commencement as if the amendment Act had not been enacted. However, if, at any time before the settlement of the contract for the sale of the proposed lot, the parties to the contract agree to settle the sale using e-conveyancing, old sections 9 and 10 are to be read with the following changes— old section 9(5) is omitted and the following provision inserted— ‘(5) If the vendor or the vendor’s agent contravenes this section, other than subsection (3)(a), (b) or (h), the purchaser may avoid the instrument relating to the sale by written notice given to the vendor or vendor’s agent before the settlement of the sale of the allotment.’; old section 10(1)(a) is omitted and the following provision is inserted— ‘(a) the sale of the proposed allotment has not been settled;’; old section 10(3)(b)(ii) is omitted and the following provision inserted— ‘(ii) settle the sale of the allotment.’; old section 10(4)(a) is omitted and the following provision inserted— for a contravention of subsection (2)—before the settlement of the sale of the allotment; or’ s 31 ins 2014 No. 46 s 54 (sec.31-ssec.1) New part 2, division 2 applies only in relation to a contract for the sale of a proposed lot entered into after the commencement. See also section 38. (sec.31-ssec.2) Old sections 9 and 10 continue to apply in relation to a contract for the sale of a proposed lot entered into before the commencement as if the amendment Act had not been enacted. (sec.31-ssec.3) However, if, at any time before the settlement of the contract for the sale of the proposed lot, the parties to the contract agree to settle the sale using e-conveyancing, old sections 9 and 10 are to be read with the following changes— old section 9(5) is omitted and the following provision inserted— ‘(5) If the vendor or the vendor’s agent contravenes this section, other than subsection (3)(a), (b) or (h), the purchaser may avoid the instrument relating to the sale by written notice given to the vendor or vendor’s agent before the settlement of the sale of the allotment.’; old section 10(1)(a) is omitted and the following provision is inserted— ‘(a) the sale of the proposed allotment has not been settled;’; old section 10(3)(b)(ii) is omitted and the following provision inserted— ‘(ii) settle the sale of the allotment.’; old section 10(4)(a) is omitted and the following provision inserted— for a contravention of subsection (2)—before the settlement of the sale of the allotment; or’ - (a) old section 9(5) is omitted and the following provision inserted— - ‘(5) If the vendor or the vendor’s agent contravenes this section, other than subsection (3)(a), (b) or (h), the purchaser may avoid the instrument relating to the sale by written notice given to the vendor or vendor’s agent before the settlement of the sale of the allotment.’; - (b) old section 10(1)(a) is omitted and the following provision is inserted— - ‘(a) the sale of the proposed allotment has not been settled;’; - (c) old section 10(3)(b)(ii) is omitted and the following provision inserted— - ‘(ii) settle the sale of the allotment.’; - (d) old section 10(4)(a) is omitted and the following provision inserted— ‘(a) for a contravention of subsection (2)—before the settlement of the sale of the allotment; or’ - ‘(a) for a contravention of subsection (2)—before the settlement of the sale of the allotment; or’ - ‘(a) for a contravention of subsection (2)—before the settlement of the sale of the allotment; or’